Analyst Expects Blend Labs Inc (NYSE: BLND) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Earlier, Yahoo Finance discussed this stock as it revealed Randolph-Brooks Federal Credit Union Selects Blend to Transform its Loan Origination Experience.

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Stocks Info

As a NYSE listed company, BLND falls under the Technology sector while operating within the Software – Application industry segment. The current market capitalization of Blend Labs Inc is $819.16M. A total of 4.24 million shares were traded on the day, compared to an average of 1.78M shares.

In the most recent transaction, Jafari Amir bought 5,555 shares of BLND for 3.00 per share on Mar 13 ’24. After the transaction, the HEAD OF FINANCE AND ADMIN. now owns 396,451 company shares. In a previous transaction on Feb 23 ’24, Ghamsari Nima sold 112,108 shares at 2.23 per share. BLND shares that HEAD OF BLEND owns now total 116,474.

Among the insiders who bought shares, Jafari Amir acquired of 6,051 shares on Feb 13 ’24 at a per-share price of $2.61. This resulted in the HEAD OF FINANCE AND ADMIN. holding 81,610 shares of BLND after the transaction. In another insider transaction, Ghamsari Nima sold 97,657 shares at $2.52 per share on Jan 24 ’24. Company shares held by the Head of Blend now total 0.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, BLND has a high of $3.37 and a low of $0.53.

As of this writing, BLND has an earnings estimate of -$0.07 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$0.06 per share and a lower estimate of -$0.09.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. BLND’s latest balance sheet shows that the firm has $547.23M in Cash & Short Term Investments as of fiscal 2021. There were $232.31M in debt and $60.03M in liabilities at the time. Its Book Value Per Share was -$0.08, while its Total Shareholder’s Equity was $810.59M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BLND is Buy with a score of 3.67.

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